If a country wants to keep its exchange rate fixed, it must
A) allow its currency value to vary with market supply and demand in foreign exchange markets.
B) be a member of the IMF.
C) vary the amount of its national currency supplied at any given exchange rate in foreign exchange markets when necessary.
D) eliminate its foreign exchange reserves.
C
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Federal affirmative action programs are mandatory for all public and private workplaces
Indicate whether the statement is true or false
When GDP is rising, the economy is experiencing
a. a contraction b. a recession c. a financial crisis d. an expansion e. equilibrium
A monopolist will earn economic profits as long as his price exceeds
a. marginal revenue. b. average fixed cost. c. average variable cost. d. average total cost.
For a cartel behaving like a pure monopoly, equating marginal revenue to marginal cost maximizes profit over-and-above the perfectly competitive profit.
Answer the following statement true (T) or false (F)